Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$284,424$283,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.77%7.11%
Blended rate7.32%7.35%
1st payment$1,901.70$1,907.12
2nd payment$0.00$0.00
Taxes / mo$243.83$243.83
Insurance / mo$150.00$150.00
MI / mo$134.11$56.70
HOA / mo$288.00$288.00
Total monthly$2,717.65$2,645.66
Cash to close$30,576$31,500